Question

what is the difference between secularism and socialism??​

Answer 1

Socialism is an economic theory or system in which the means of production, distribution, and exchange are owned by the community or by the state. It is characterized by the use of production, equality of individual wealth, the absence of competitive economic activity, and by the government's determination of investment, prices, and production levels. All this is done by the government to satisfy the economic and human demands. The goods and services are provided for using, not for profit. Socialism adheres to the principle that the resources of the economy should be collectively owned by the people and controlled by a central organization. People have a say in the managing of the economy, the people decide through their elected representatives. It states that the goods and services should be utilized on the basis of the productivity of an individual.

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